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Inflation

Japan's consumer inflation off 41-year high but stays above BOJ goal

Core CPI rose 3.1% in February, far over central bank's target of 2%

A supermarket in Tokyo. Japan's core consumer price index, which excludes volatile fresh food but includes oil products, rose 3.1% in February from a year earlier.

TOKYO (Reuters) -- Japan's core consumer inflation slowed in February but an index stripping away energy costs hit a four-decade high, data showed on Friday, suggesting cost-push pressures may persist longer than policymakers thought.

With inflation still exceeding the Bank of Japan's 2% target, the data will keep alive market expectations of a near-term tweak to its bond yield control policy, analysts say.

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